Core Viewpoint - The State Council meeting, chaired by Premier Li Qiang, aims to regulate the competitive order in the new energy vehicle (NEV) industry to promote high-quality development amidst irrational competition [1][3]. Group 1: Industry Challenges - The meeting identified three main causes of "involution" in the automotive industry, including ongoing price wars leading to a situation where revenue increases do not translate into profit [4]. - According to the National Bureau of Statistics, the automotive manufacturing industry's revenue is projected to grow by 4.1% year-on-year in 2024, while operating costs are expected to rise by 5.1%, resulting in an 8% decline in total profits [4]. - The profit margin for the automotive manufacturing industry in the first quarter of 2025 is reported to be 3.9% [4]. Group 2: Regulatory Measures - The meeting emphasized the need for enhanced cost investigation and price monitoring to address the negative impacts of price wars on profitability [4]. - There will be a strict supervision of product production consistency to prevent cost-cutting measures that compromise safety [4]. - Key automotive enterprises are urged to adhere to a 60-day payment commitment to improve the health of the supply chain and mitigate the effects of prolonged payment terms on suppliers [4]. Group 3: Long-term Mechanisms - The meeting highlighted the importance of establishing a long-term mechanism for regulating competition and enhancing industry self-discipline [4]. - It is essential to leverage standards to guide industry upgrades and encourage companies to enhance competitiveness through technological innovation and quality improvement [4].
国常会定调汽车领域出现非理性竞争现象 针对“内卷”成因综合施策
Zhong Guo Jing Ji Wang·2025-07-17 00:15